Salans, FMC and SNR Denton to Combine

Three leading law firms, SalansFraser Milner Casgrain (FMC) and SNR Denton, are recommending to their partners on Tuesday, November 13, that they become foundational members in the creation of a new top ten international law firm. The firms will bring together their unique strengths, experience and cultures across Europe, Canada, the UK, the US, the Middle East, Central and East Asia, and Africa to create a fully integrated global firm that will rank as the seventh largest law firm in the world, measured by number of lawyers and professionals.

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Tags:  Dentons

Chadbourne Represents FOVISSSTE in the Successful Placement of Its Fourteenth MBS Offering in Mexico of $416 Million

Chadbourne & Parke represented FOVISSSTE (“Fondo de la Vivienda del Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado”) in the successful placement of its fourteenth mortgage loan portfolio securitization, known as TFOVIS, which amounted to $416 million. The settlement of the Issuance on the Mexican Stock Exchange (BMV for its Spanish Acronym) took place on October 31.

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Tags:  Sao Paulo

Shearman & Sterling Advises Borealis on Acquisition of 49% Equity Shareholding in EDPR’s US Wind Farm Assets

Shearman & Sterling is advising Borealis Infrastructure (Borealis) in its acquisition of a 49% equity shareholding in a portfolio of wind farm assets in the US from EDP Renováveis S.A. (EDPR). The portfolio is comprised of four wind farms totalling 599 MW, installed between 2007 and 2008 (4.5 years of average age), and all of which have long-term Power Purchase Agreements (PPAs) in place. The total consideration for the 49% equity shareholding is US$230 million, which represents a total implied value for the portfolio of US$1,446 million. The transaction is subject to customary regulatory approvals.

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Tags:  Shearman & Sterling LLP | New York